Dry Powder - Hedge, Consolidate, Dominate S03:E16
Pirates of Finance
00:00
How Did You Manage the Mean Reversion?
It largely depended on what was happening in the market if there was activity going on. The way these tokens trade is their sympathetic movements, right? I don't know, Cardano might be highly correlated to ETH. And so what happens if Cardano was actually, the lever token was supposed to sell down, but ETH was buying. It was Cardano's downward sympathetic movement, actually going to get offset by the correlation trade and how correlated it is to ETH. So a lot of it was dependent upon how much volume they were dumping into the market at that time.
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